IDEAS home Printed from https://ideas.repec.org/p/lev/levppb/ppb_53.html
   My bibliography  Save this paper

Full Employment Has Not Been Achieved, Full Employment Policy: Theory and Practice

Author

Listed:
  • Dimitri B. Papadimitriou

Abstract

Claims that the nation has reached full employment take for granted the need for a reserve pool of labor to maintain price stability and labor market flexibility, but are millions of jobless and underemployed workers the best we can do in these times of economic expansion and what will happen when the inevitable downturn comes? Reduction of the workweek and employment subsidies have been proposed to achieve higher employment, but neither is sure to raise employment and both may have serious side effects. A public service employment program that offers jobs at a fixed wage to all who are willing and able to work can provide full employment without inflationary pressures and with labor market flexibility, preserve workers' skills, contribute valuable public services, and be relatively inexpensive.

Suggested Citation

  • Dimitri B. Papadimitriou, "undated". "Full Employment Has Not Been Achieved, Full Employment Policy: Theory and Practice," Economics Public Policy Brief Archive ppb_53, Levy Economics Institute.
    • Handle: RePEc:lev:levppb:ppb_53
    as

    Download full text from publisher

    File URL: http://www.levyinstitute.org/pubs/ppb53.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. William Vickrey, 2004. "Today's Task for Economists," Chapters, in: Mathew Forstater & Pavlina R. Tcherneva (ed.), Full Employment and Price Stability, chapter 7, pages 44-53, Edward Elgar Publishing.
    2. Brunello, Giorgio, 1989. "The Employment Effects of Shorter Working Hours: An Application to Japanese Data," Economica, London School of Economics and Political Science, vol. 56(224), pages 473-486, November.
    3. Mathew Forstater, 1997. "Selective Use of Discretionary Public Employment and Economic Flexibility," Economics Working Paper Archive wp_218, Levy Economics Institute.
    4. Amartya Sen, 1997. "Inequality, Unemployment and Contemporary Europe," STICERD - Development Economics Papers - From 2008 this series has been superseded by Economic Organisation and Public Policy Discussion Papers 07, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dimitri B. Papadimitriou, 1998. "(Full) Employment Policy: Theory and Practice," Economics Working Paper Archive wp_258, Levy Economics Institute.
    2. Marja Riihelä & Risto Sullström & Matti Tuomala, 2001. "What Lies Behind the Unprecedented Increase in Income Inequality in Finland During the 1990's," Working Papers 0102, Tampere University, Faculty of Management and Business, Economics.
    3. Roberton Williams, 2002. "Prices vs. Quantities vs. Tradable Quantities," NBER Working Papers 9283, National Bureau of Economic Research, Inc.
    4. Marco Grasso & Luciano Canova, 2008. "An Assessment of the Quality of Life in the European Union Based on the Social Indicators Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 87(1), pages 1-25, May.
    5. Stephanie Bell, 1999. "Functional Finance: What, Why, and How?," Economics Working Paper Archive wp_287, Levy Economics Institute.
    6. Fotis Papadopoulos & Panos Tsakloglou, 2015. "Chronic material deprivation and long-term poverty in Europe in the pre-crisis period," ImPRovE Working Papers 15/16, Herman Deleeck Centre for Social Policy, University of Antwerp.
    7. Jon Wisman, 2013. "The Growth Trap, Ecological Devastation, and the Promise of Guaranteed Employment," Challenge, Taylor & Francis Journals, vol. 56(2), pages 53-78.
    8. Jennifer Hunt, 1999. "Has Work-Sharing Worked in Germany?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(1), pages 117-148.
    9. Mattesini, F. & Quintieri, B., 2006. "Does a reduction in the length of the working week reduce unemployment? Some evidence from the Italian economy during the Great Depression," Explorations in Economic History, Elsevier, vol. 43(3), pages 413-437, July.
    10. Richard Arnott, 1998. "William Vickrey: Contributions to Public Policy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 5(1), pages 93-113, February.
    11. Annie Tubadji & Brian Osoba & Peter Nijkamp, 2015. "Culture-based development in the USA: culture as a factor for economic welfare and social well-being at a county level," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 39(3), pages 277-303, August.
    12. Amartya K. Sen, 1997. "From Income Inequality to Economic Inequality," Southern Economic Journal, John Wiley & Sons, vol. 64(2), pages 384-401, October.
    13. Lenger Alexander & Goldschmidt Nils, 2011. "Ordnungsökonomik als angewandte Wissenschaft. Zur notwendigen Zusammenführung von Theorie und Praxis / Constitutional Economics as an Applied Social Science. About the Essential Combination of Theory ," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 62(1), pages 343-364, January.
    14. Thomas Moutos & William Scarth, 2000. "Work-Sharing: an Efficiency-Wage Analysis," CESifo Working Paper Series 386, CESifo.
    15. Melinda Schmidt & Harald Strotmann & Jürgen Volkert, 2022. "Female and Male Community-Level Empowerment: Capability Approach-Based Findings for Rural India," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(2), pages 754-784, April.
    16. Cornia, Giovanni Andrea & Rosignoli, Stefano & Tiberti, Luca, 2007. "Globalisation and health: impact pathways and recent evidence," Center for Global, International and Regional Studies, Working Paper Series qt2358z815, Center for Global, International and Regional Studies, UC Santa Cruz.
    17. Tania Ferraro & Leonor Pais & Nuno Rebelo dos Santos, 2015. "Decent work: An aim for all made by all," International Journal of Social Sciences, International Institute of Social and Economic Sciences, vol. 4(3), pages 30-42, August.
    18. Jacques Drèze, 2001. "On the Macroeconomics of Uncertainty and Incomplete Markets," International Economic Association Series, in: Jacques Drèze (ed.), Advances in Macroeconomic Theory, chapter 3, pages 30-55, Palgrave Macmillan.
    19. Philipp Poppitz, 2019. "Can Subjective Data Improve the Measurement of Inequality? A Multidimensional Index of Economic Inequality," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 146(3), pages 511-531, December.
    20. Smith, Vincent H., 1998. "Measuring the benefits of social science research," Impact assessments 2, International Food Policy Research Institute (IFPRI).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lev:levppb:ppb_53. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Elizabeth Dunn (email available below). General contact details of provider: http://www.levyinstitute.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.